Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) closed Tuesday in the red, registering its strongest decline in five months on the back of a collective fall of its sectors.
The general index dropped 1.75% or 88.99 points to close at 4,990.74 points, breaking a three-session rising streak.
Turnover dropped to AED 233.47 million on Tuesday from AED 281.709 million on Monday, while volumes decreased slightly to 44.75 million shares traded against 45.83 million.
The energy sector led losers, falling 2.62% after Dana Gas tumbled 3.64% and Abu Dhabi National Energy Co. “TAQA” shed 0.96%, while the telecommunications sector and its stock Etisalat fell 2.20% each.
Moreover, the real estate sector was down 1.86%, weighed by RAK Properties’ 4.74% slide and Aldar Properties’ 1.74% drop. The banks sector decreased 1.66% after First Abu Dhabi Bank (FAB) lost 2.16%.
Only six stocks ended higher, led by National Marine Dredging’s stock, which jumped 15%.
FAB was the value leader with AED 133.253 million in turnover, while Dana Gas registered the highest volume of 13.314 million shares.
